The State of South African Energy 2023
South Africa-focused market report, providing a comprehensive overview of the state of play of the country’s energy sector. Serving to guide investors and project developers interested in South Africa’s immense opportunities, the report details the current challenges and upcoming opportunities across the power generation, renewable and hydrocarbon markets.
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Vienna, Austria, 27 November 2023–Last week, the International Energy Agency (IEA) in its report ‘The Oil and Gas Industry in Net Zero Transitions’ stated that the oil and gas industry faces a ‘moment of truth’. The industry has been told that it must “choose between fueling the climate crisis or embracing the shift to clean energy”, against the backdrop of the IEA’s proposed normative net-zero scenario.
Il est indéniable que l’invasion de l’Ukraine par la Russie a fortement perturbé les marchés mondiaux de l’énergie. Cet affrontement géopolitique a conduit à l’imposition de sanctions occidentales sur les exportations de pétrole et de carburant russes et à l’imposition d’un plafond de prix sur le brut russe par le groupe G7.
It’s undeniable that the Russian invasion of Ukraine proved highly disruptive to world energy markets. This geopolitical clash led to the imposition of Western sanctions on the export of Russian oil and fuel and the imposition of a price cap on Russian crude by the G7 group.